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PLEASE EXPLAIN THE FORMULA AND SOLVE. Menger Corporation has a 0.1 probability of a return of 0.63, a 0.4probability of a rate of return of

PLEASE EXPLAIN THE FORMULA AND SOLVE.

Menger Corporation has a 0.1 probability of a return of 0.63, a 0.4probability of a rate of return of 0.06, and the remaining probability of a 0.10 rate of return.What is the expected rate of return of Menger Corporation?

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